Credit growth in 2025 could reach 19-20%

VTV.vn - State Bank leaders said that by the end of September 2025, credit growth in the entire economy had reached 13.37% compared to the beginning of the year.

This is the information shared by Mr. Pham Chi Quang, Director of the Monetary Policy Department (State Bank), at the press conference for the third quarter of 2025 held this morning.

At the Press Conference for the third quarter of 2025, the State Bank said that this year, in order to create favorable conditions for credit institutions to provide credit capital to meet economic growth needs, on December 30, 2024, the agency sent a document to credit institutions announcing all credit growth targets for 2025, publicizing the principles for banks and credit institutions to proactively implement.

Under the condition that inflation is controlled in accordance with the targets set by the National Assembly and the Government and implementing the direction of the Government and the Prime Minister on appropriate, timely and effective credit growth management to meet the capital needs of the economy, on July 31, the State Bank announced an adjustment to increase the credit growth target for 2025 for credit institutions according to specific principles, ensuring publicity and transparency.

The addition of this limit is the initiative of the State Bank, without the need for credit institutions to request it. At the same time, the State Bank has directed banks to increase credit growth safely and effectively, directing credit to production and business sectors, priority sectors and economic growth drivers according to the direction of the Government and the Prime Minister ; strictly controlling credit in potentially risky sectors.

Since the beginning of the year, the banking sector has also actively implemented credit programs to support production, business, consumption and investment projects under the direction of the Government and the Prime Minister.

Mr. Pham Chi Quang, Director of Monetary Policy Department (State Bank)

The State Bank said that with the implementation of many of the above solutions, credit growth in all months this year has increased higher than the same period in 2024, while maintaining the trend of each month being higher than the previous month. The report said that by September 29, 2025, economic credit increased by 13.37% compared to the end of 2024. The credit structure continues to focus on the production and business sector, especially priority sectors and growth drivers according to the Government's policy.

According to Mr. Pham Chi Quang, with the current credit growth rate, from now until the end of the year if banks mobilize capital well, grow healthily and sustainably... credit growth for the whole year of 2025 can reach 19-20%. This is a very high growth rate in the past 15 years.

Regarding concerns about the risk of inflation, Mr. Quang emphasized that the State Bank's regular and continuous supply of capital to the economy does not mean being subjective about controlling inflation. The State Bank will continuously review to ensure both economic growth and inflation control.

Regarding the risk of bad debt, the Director of the Monetary Policy Department said that the State Bank will continuously review and direct credit institutions to consider and pay attention to loans in potentially risky areas to avoid bad debt arising.

Credit continues to be directed towards production and business.

Also related to credit, Ms. Ha Thu Giang, Director of the Department of Credit for Economic Sectors (State Bank) said that the credit ratio for the three economic sectors, namely agriculture, forestry and fishery, accounted for 6.23%; industry - construction accounted for 23.97%; trade - services accounted for 69.8% (in the same period in 2024, it was 6.84% - 25.65% - 67.51%, respectively).

Credit capital continues to be directed towards production and business sectors and priority sectors, in which about 78% of outstanding loans in the economy serve the production and business sectors.

Ms. Ha Thu Giang, Director of the Department of Credit for Economic Sectors (State Bank)

Regarding the credit loan packages under the direction of the Government and the Prime Minister, Ms. Giang said that the credit loan package for the agriculture, forestry and fishery sectors has disbursed a cumulative turnover of nearly VND 106,000 billion, exceeding the set target and continuing to be increased in scale to VND 185,000 billion; the social housing loan package under Resolution 33 of the Government and loans for young people under 35 years old to buy social housing has disbursed about VND 4,700 billion, an increase of 66% compared to the end of 2024.

In addition, many commercial banks have proactively researched and immediately issued loan programs for people under 35 years old to buy houses. Four state-owned banks alone have disbursed nearly VND19,335 billion.

In addition, the State Bank and commercial banks are also making efforts to closely coordinate with the Ministries of Construction, Industry and Trade, and Science and Technology to implement the direction of the Government and the Prime Minister on the VND500,000 billion credit program for loans to invest in infrastructure and digital technology.

Source: https://vtv.vn/tang-truong-tin-dung-nam-2025-co-the-dat-19-20-100251003123857617.htm